Are you sure that nothing else will be announced to replace operation twist? Do you really think that Ben Bernanki is going to just let the bottom fall out of the stockmarket and tailspin back down to under 10,000? I don't think so, and neither should you. Unless you think Ben B's goal is to fail as fed chairman, and Obama has no interest in getting reelcted. Be practical people, do you believe that nothing will be done by fed, and market will tank before any further action taken? That is why I trade the way I do. You would have to be nuts to believe the fed will wait before another freefall in the market before taking more action. Deflation is once again the risk, not inflation. China is slowing and Euro is in deep recession. Our own recovery is at a turtles pace. The fed will take action, and soon!